Creative Workers Drive Down Rent

It is a paradox of today's New York City home rental market: Despite significant job growth in the last year, rents have been flat or falling for months.

One reason why, according to a new study out Tuesday, is that more city renters are like Kaye Tuckerman, an actress starring in a national tour of "Mamma Mia!," who signed a lease for a two-bedroom Harlem apartment in September for $1,950 a month. Unlike some of the Wall...